Art Industry News: Saudi Royals Are Selling Off Art, Jewels, and Yachts as the Crown Prince Tightens Purse Strings + Other Stories

  • 📰 artnet
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Saudi royals are selling off art, jewels, and yachts as the Crown Prince tightens purse strings + more art industry news:

A Pissarro painting that was subject to a legal battle between the heirs of a Jewish couple whose collection was seized by the Nazis and a Jewish family who bought the work in 1994 will be sold at auction in May after the two parties reached a confidential settlement.is expected to fetch between $1.2 million and $1.8 million at Christie’s New York on May 14.

Stakeholders have said that such a session could not be held in a country that has damaged or destroyed nearly 100 cultural sites in Ukraine during its ongoing invasion. A splashy benefit dinner and auction helmed by Simon de Pury in Venice last week raised more than €1.2 million for humanitarian efforts in Ukraine. The funds will be distributed to organizations including Museums for Ukraine, the Maria Prymachenko Foundation, the Ukrainian Emergency Pavilion, and Ukrainian Emergency Art Fund.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 522. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I think they need a lof of money for all their social Projects making the world a better place, because they are the good one.

Too bad he can't sell his fake Leonardo painting.

Jared Kushner Intel doesn't come cheap

brooklynmarie I’m *so* tempted to be outrageously politically incorrect right now.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines